Transformation to Oncology Focus
Avacta has successfully transitioned into a pure-play oncology biopharmaceutical company, focusing on their proprietary pre|CISION peptide drug conjugate platform.
Clinical Progress in FAP-Dox
The FAP-Dox program completed Phase Ia, showing elimination of cardiac toxicity, proof-of-concept, and a disease control rate of over 90% in salivary gland cancer.
Strategic Collaboration with Tempus
Avacta entered into a strategic collaboration with Tempus, leveraging AI to drive smarter clinical trials and refine indication selection for the FAP exatecan program.
Financial Position and Cash Runway
Avacta reported a cash position of $17.3 million as of April 2025, following the divestment of the Diagnostics business, extending the cash runway into the first quarter of 2026.
Intellectual Property and Sustained Release Mechanism
New intellectual property was filed, including a sustained release mechanism, providing a reset for the company's IP position and opening new therapeutic opportunities.